What’s more, Meta will also reportedly stop production of the 128GB Quest 3 by mid-November – so when it sells out it won’t come back. Both current Quest 3 models (128GB and 512GB) will be discounted too.

Meta Connect is right around the corner. We're confident that Meta will announce the new Quest 3s budget-friendly virtual reality headset. It sounds like a device that borrows some of the features from the older Quest 2 and the more expensive Quest 3 to create a headset with a lower financial barrier to entry.

The Meta Connect keynote will stream live on the official Meta Connect website. If you’re a Quest headset user, you can also watch it on Horizon Worlds. Following the keynotes, you can participate in live developer sessions for deep dives on AI and mixed reality on Facebook.